Question

Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services. In which fund should Tang City record the donated land

Answer 1

Answer: permanent

Step-by-step explanation:

From the question, we are informed that Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services.

Based on the above scenario that have been explained, the donated land should be recorded in the permanent funds.